In my last article, I examined the benefits a living trust provides for management of someone’s assets should they become incapacitated. Another advantage of living trusts is providing for the transfer of trust assets after the person who created the trust dies. 437 more words
Tags » Asset Protection
Recently I was asked about living trusts. Someone told me how a family member placed their assets in a living trust. When they passed away, my friend was impressed at how quickly that family member’s assets were transferred after death without involving the probate court. 1,009 more words
Often so very misunderstood, and generally regarded in some quarters as “playing dirty, “the concept of asset protection is sometimes one of last resort for a business owner. 2,576 more words
The Panama Papers are an unprecedented leak of 11.5 million files from the database of the world’s fourth largest offshore law firm, Mossack Fonseca. Among the revelations within the leaked database is that twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore creditor and tax havens. 823 more words
Ponder, for a moment, who is the winner in this kind of litigation?
A family not willing to plan for incapacity may later find itself hemorrhaging from substantial legal fees and litigation costs. 679 more words